The notion of savings in economics has a variety of mutually incompatible meanings, and for the sake of clarity should be jettisoned. The textbook loanable funds model, for example, was developed in the context of unintermediated lending, and when applied to bank lending, results in a naïve conception of banks . . .
Thou Shalt Punish Defectors; this is the first and greatest commandment. And the second is like it: Thou Shalt Not Punish Cooperators. On these two commandments depend all of society and cooperation.
RT @ESYudkowsky: Hate directed at Scott Alexander? At Scott Aaronson? These are some of the nicest, politest, *kindest* people on Earth and anyone who goes after them is, there is no mincing this word, evil.